Blog

New map charts Toronto rent prices by TTC subway station

Living within walking distance of a subway station is absolutely clutch for anyone in Toronto who needs to commute, but doesn't have their own car and / or the patience to sit in gridlock traffic every afternoon at rush hour. Sure, the TTC…

News

April 2021 TRREB Report: Home Sales Dip From March, Though Up Strongly From Pandemic Pit

The April numbers for the Greater Toronto Area are out, and while they show a stark contrast from last year’s activity – during what was the depths of the first lockdown – sales and price growth are up strongly from pre-pandemic levels…

News

Toronto’s Downtown Condo Market Bounces Back to Pre-Pandemic Levels

After months of lagging sales, Toronto’s downtown condo market bounced back in Q1-2021, after nearly 3,000 condo units sold, thanks to low borrowing costs, renewed optimism in the market, and rising suburban home prices, according to Urbanation’s…

News

New condo sales totaled 5,385 units last quarter

Urbanation released its Q1-2021 quarterly condo market update for the Greater Toronto Area at the end of last month. And there’s some good stuff in it. New condo sales totaled 5,385 units in the first quarter of this year, which is higher…

News

The hidden housing bubble

If there is a housing bubble in Canada, it’s probably not where you think. In the wake of the COVID-19 pandemic, Torontonians fled the dense urban core for arcadia and scooped up cottages in droves with the intention of living in them year-round.…

Market

Canadian home prices just recorded largest annual gain since 2017: Teranet

A widely-watched Canadian home price index shot up nearly 11 percent annually in March as major markets across the country continue to experience exceptional levels of sales activity. Released earlier this week, the latest reading from the…

Market

New CentreCourt condo draws downtown-loving under-40s to Jarvis and Dundas

Bader Elkhatib, the vice-president of CentreCourt, specializes in urban high-rises. Yet, the developer isn’t unnerved by pandemic Toronto’s quiet city streets or the trend that has seen more urbanites settling in the suburbs and the sticks. “Wait…

Market

Toronto residential tower boom shows no signs of slowing

Toronto had 125 cranes actively working on multiresidential towers in March, according to the RLB Crane Index, dwarfing the total of any other North American city. “The urban density story for our city has clearly not stalled during the…

Market

New condos narrowly outsell single-family homes in February as Toronto high-rise market heats up

New condo sales across the Toronto region shot up in February after a sluggish period in the winter. According to data published today by the Building Industry and Land Development Association (BILD), there were 1,623 new condos sold across…

Market

Has Toronto Real Estate Officially Killed the ‘Asking Price’?

If I told you I wanted $1 for something but you knew there was no way I was going to let you have it for less than $1.50, you might start to wonder why I had only asked for $1 in the first place. Now imagine that situation playing out multiple…